Richard Fisher, president of the Federal Reserve Bank of Dallas, said his office had received calls from lawmakers of both parties about his proposals to restructure the central bank.

Mr. Fisher, in a speech last month, argued in favor of several changes that would move power away from the Washington-based Fed board of governors and the New York Fed and shift it toward the other 11 regional Fed banks. Read More »

The Senate advanced three of President Barack Obama’s nominees to the Federal Reserve‘s Board of Governors on Tuesday, clearing the way to confirm them later this week.

The Senate ended debate on the nominations of Lael Brainard and Jerome Powell, to spots on the central bank’s seven-seat board—as well as elevating Stanley Fischer to the board’s vice chairman.Read More »

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